Minnova Drilling Algo’s Adams Lake Project
An 8-hole drilling program operated by Minnova Inc. (TSE) is under way on the OK I and OK II claims in the Adams Lake area of British Columbia. Minnova can earn a 60% interest in the property from Alg…
News
Lower gold prices impact on Homestake’s bottom line
Despite higher gold sales, Homestake Mining (NYSE) reported a 23% drop in operating earnings from gold mining operations in the third quarter. The company says the decline was due to lower realized pr…
Queries Fancy artwork
I have a stock certificate for 100 shares purchased in 1909 in a company called Frances Gold Mines Ltd. The shares sold for $2 each at the time of purchase 80 years ago. Can you determine if this stoc…
Sundust acquiring Peruvian interest
Agreement-in-principle has been signed between Sundust Resources (ME) and Aurifera El Sol of Peru which will allow Sundust to acquire a 30% interest in the latter for $1.5 million(US). Aurifera, forme…
Olympic Dam mine opened `Down Under’
Australia’s largest mining project, the Olympic Dam copper- uranium-gold mine at Roxby Downs, was recently officially opened. Bringing the mine, located in south Australia, into production are Western…
Amax Inc. announces third quarter earnings
Amax Inc. today reported third quarter net earnings of $132.5 million(U.S.), equivalent to $1.61 per primary common share. Third quarter 1987 net earnings of $176.2 million, equivalent to $1.81 per pr…
Sierra Madre signs agreement with Jamie
Sierra Madre Resources (VSE) has signed an option agreement with Jamie Frontier Resources (COATS) giving Sierra the right to earn a 50% interest in Jamie’s Todd gold property. Located near Red Lake, O…
Sampling seminar
The Toronto Geological Discussion Group is sponsoring a seminar entitled Sampling, Sample Preparation and Assaying — The Basics, and How They Affect Ore Reserve Estimates. A topic of considerable int…
INSIDER TRADES (November 28, 1988)
Canaustra Gold — Black Hill bought 80,500 (Oct) to hold 650,631. Cliff — J. Bates sold 6,500 (Oct) to hold 187,500. Cons Norex — Graymont bought 50,400 (Oct) to hold 2,870,942. Dolphin — P. Brown …
Northern Platinum finds more reserves
Additional near-surface reserves have been outlined by Northern Platinum (VSE) on the company’s Kanichee copper-nickel property near Temagami, Ont. Drilling has outlined 249,250 tons grading 0.84% cop…
Giant Yellowknife boosts third-quarter earnings
Consolidated earnings of $3.7 million (44 per share) on revenue of $36.7 million were reported by Giant Yellowknife Mines (TSE) for the third quarter of this year, compared with $3.1 million (44 per s…
Hughes and McAleer out after Whim Creek dispute
Australian gold producer Whim Creek Consolidated has signalled its displeasure with some recent developments involving the company by replacing Chairman Pat Hughes and chief executive officer Peter Mc…